secwatch.observer — SEC 8-K summary
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Issuer:     Earth Science Tech, Inc. (ETST)
CIK:        0001538495
Form:       8-K
Filed at:   2023-09-29T23:59:59+00:00
Accession:  0001493152-23-034910
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Earth Science Tech adopts officer compensation tied to monthly revenue, contingent on cash growth
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- CEO Giorgio Saumat to receive 21% of monthly revenue; President Mario Tabraue to receive 10.5%.
- Payments conditional on company increasing cash position quarter over quarter; otherwise no pay and renegotiation.
- Both officers waive all rights to back pay for work prior to September 30, 2023.
- New 12-month employment agreements effective October 1, 2023, superseding prior arrangements.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1538495/000149315223034910/0001493152-23-034910-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1538495/000149315223034910/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-034910

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer